Alstom Granted EUR915 Mln Contract To Deliver Belgrade's First Fully Automated Metro Line

Alstom won a €915 million turnkey contract to deliver Belgrade's Metro Line 1, which will be Serbia's first fully automated metro. The award adds meaningful backlog (~€0.915bn) and improves near-term revenue visibility from transport infrastructure in emerging Europe. The deal is modestly bullish for Alstom and could move the stock in the low single-digit percentage range.

Analysis

Alstom won a €915 million turnkey contract to deliver Belgrade's Metro Line 1, which will be Serbia's first fully automated metro. The award adds meaningful backlog (~€0.915bn) and improves near-term revenue visibility from transport infrastructure in emerging Europe. The deal is modestly bullish for Alstom and could move the stock in the low single-digit percentage range.